Cadence Design Systems Inc (CDNS) Files Form 4 Insider Selling : Thomas P Beckley Sells 58,646 Shares

Cadence Design Systems Inc (CDNS): Thomas P Beckley , Sr. Vice President of Cadence Design Systems Inc sold 58,646 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $25.00 per share for a total value of $1,466,150.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 14, 2016, George Scalise (director) sold 5,000 shares at $25.27 per share price.On Aug 24, 2016, Thomas P Beckley (Sr. Vice President) sold 13,548 shares at $25.00 per share price.Also, On Aug 17, 2016, Lip Bu Tan (President & CEO) sold 150,000 shares at $24.81 per share price.On Aug 16, 2016, James J Cowie (Sr. VP, General Counsel) sold 3,121 shares at $24.72 per share price.

Cadence Design Systems Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Cadence Design Systems Inc which led to swings in the share price. The shares opened for trading at $25.28 and hit $25.28 on the upside , eventually ending the session at $25.08, with a gain of 1.70% or 0.42 points. The heightened volatility saw the trading volume jump to 21,26,972 shares. The 52-week high of the share price is $26.235 and the company has a market cap of $7,332 M . The 52-week low of the share price is at $18.32.

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Cadence Design Systems Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Company’s SDE product offerings include electronic design automation (EDA) software emulation and prototyping hardware and two categories of intellectual property (IP) verification IP (VIP) and design IP. The Company provides maintenance for its software emulation hardware and IP product offerings. It also provides engineering services related to methodology education hosted design solutions and design services for ICs and development of custom IP. The company’s customers include electronics systems and semiconductor companies Internet service providers and other technology companies that deliver a range of electronics products in market segments such as mobile and consumer devices communications cloud and data center infrastructure medical systems and other devices.

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